Is Stephen F Quill Family Foundation Legit?

The Stephen F Quill Family Foundation appears to be a private foundation, given its NTEE code T22 (Private Grantmaking Foundations) and its financial characteristics. Its financial activity has been relatively modest in recent years, with revenue fluctuating significantly. For instance, in 2023, revenue was only $1,535, while expenses were $4,035, indicating a deficit for the year. This trend of expenses exceeding revenue is also visible in several other periods, such as 2020 ($9,094 revenue vs. $54,527 expenses) and 2019 ($29,051 revenue vs. $90,804 expenses). The foundation consistently reports minimal liabilities ($1), suggesting a healthy balance sheet in terms of debt, and its assets have grown over time, reaching $474,880 in 2023. The foundation's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings suggests a lean operational structure, at least at the executive level. This lack of executive compensation is a positive indicator for donor confidence, as it implies that leadership is not drawing a salary from the foundation's funds. The foundation's primary function as a grantmaker means its 'program spending' would largely be its grants distributed, which would need further detail to evaluate impact. Transparency is generally good through its consistent 990 filings. The absence of officer compensation is a strong point for transparency and efficiency. However, without more granular expense data beyond total expenses, it's challenging to determine the exact proportion of funds directly supporting its charitable mission versus administrative overhead. The significant fluctuations in revenue and expenses year-over-year warrant closer examination to understand the foundation's funding model and grantmaking strategy.